Agios Nikolaos 2 Residences — A0185 Feasibility Report

M. Sami Akbeniz
2 days ago
4 min read

FEASIBILITY REPORT · AGIOS NIKOLAOS · ATHENS

This report evaluates listing A0185, located in the Agios Nikolaos district of central Athens, from an investment perspective. The property is a 72 m² two-bedroom apartment on the 3rd floor of a building completed in 2026 and ready for delivery; the asking price is €184,511.

The assessment is built on current inventory data and the published listing information. It covers location and transport, unit-price analysis, a conservative rental scenario and the key risk items in turn. All figures are calculated from the source data, and comparisons use estimate-band language.

Our aim is not a marketing text but a pre-decision trust document. The property's strengths are therefore stated alongside its price premium and the items that still require documentary confirmation.

Location and Transport

Agios Nikolaos is an established residential district in central Athens, known for the Metro Line 1 station that carries its name. The station is within walking distance of the property; the line connects Victoria, Omonoia and the historic centre within a few stops. The district's daily-life infrastructure — markets, schools, bakeries, cafés — is spread through the surrounding streets.

The transport profile is this listing's strongest investment argument. Metro-connected central districts are the corridors where both owner-occupier and long-term rental demand remain steady in Athens. Location is given at district level; the exact address and building details are shared from the file on request.

Agios Nikolaos metro station (Line 1): about a 3-minute walk
Omonoia / city centre: approx. 2.5 km
National Archaeological Museum: approx. 2 km
Pedion tou Areos park: approx. 1.5 km
Port of Piraeus: approx. 10 km
Athens International Airport: approx. 35 minutes by car

The Project and Units

A single unit is on sale: apartment C3 on the 3rd floor, with 72 m² of usable space, two bedrooms and one bathroom. The two-bedroom layout with a separate living room is a functional scale for both owner-occupation and long-term letting. A floor plan is available in the file.

The building was completed in 2026 and the apartment is ready for delivery; there is no waiting period or construction-schedule risk on this listing. On the other hand, the feed does not state an energy class, and building amenities (lift, storage, parking) are not listed; these items should be clarified from the file before a decision.

The single-unit inventory should be read both ways: there is no depth of choice, but there is also no supply pressure within the project. Availability is a snapshot and remains subject to vendor confirmation.

Unit C3 · 3rd floor · 2-bed · 72 m² · 1 bathroom · €184,511 · available
Construction year: 2026 · status: ready for delivery
Energy performance certificate: not stated in the feed, available on request

Price Analysis

The asking price is €184,511 for 72 m², which computes to a unit price of approximately €2,560/m². As this is a single unit, there is no in-project price band; the analysis rests on this one data point.

Our conservative district comparison is as follows: asking prices along the Agios Nikolaos axis of central Athens are weighted towards older stock, which pulls the overall average down; for renovated or newly delivered product our estimate is a band of roughly €2,200-2,800/m². At €2,560/m², this apartment sits in the upper half of that band.

Stated plainly: the unit price is clearly above the district-wide average that includes older stock. The premium is explained by the 2026 delivery-ready condition and metro proximity; the buyer should nevertheless decide in the knowledge that they are paying above the district average. These figures are estimate bands; the final assessment should be made against current comparables.

Unit price: €184,511 / 72 m² ≈ €2,560/m²
New/renovated segment band (our estimate): €2,200-2,800/m²
Positioning: upper half of the band; above the district-wide average

Rental Potential

The Metro Line 1 corridor is known for steady long-term rental demand from young professionals, families and students. A newly delivered two-bedroom in this segment tends to find tenants faster than older stock.

In our conservative scenario we model a monthly rent band of €550-750. On the €184,511 asking price this corresponds to a gross annual yield of 3.6-4.9%, within the cautious 3-5% framework. Vacancy periods, service and maintenance charges and taxes are not included in this gross calculation.

This is a model, not a guarantee; the actual rent will depend on the delivery standard, furnishing and lease terms. It should be verified against current rental comparables before a decision.

Monthly rent band (our estimate): €550-750
Gross yield band: 3.6-4.9% (before costs)
Base scenario: long-term letting

Risks and Points of Attention

No investment decision is risk-free; for this listing the items below must be clarified before a decision. This section is what makes the report a trust document rather than a sales text.

Availability rests on a single unit and is a snapshot; vendor confirmation should be obtained before entering the purchase process.
The listing title says 'renovated' while the inventory data records a 2026 construction year; whether the building is a new build or a comprehensive renovation should be confirmed from the sales file.
The energy class is not stated in the feed; no decision should be made before seeing the energy performance certificate.
The unit price is above the district-wide average; second-hand liquidity and pricing pressure should be factored in.
Building amenities (lift, storage, parking) are not listed in the data; the lift situation should be verified for 3rd-floor comfort.
Street-by-street variation is pronounced in central Athens; an on-site visit and neighbourhood inspection are recommended.

Conclusion

A0185 is a listing with a strong transport profile, delivery-ready status and a relatively accessible entry budget for central Athens. Metro proximity and the 2026 delivery support the long-term rental scenario; the conservative 3.6-4.9% gross yield band is reasonable for this segment.

Against this, the unit price of roughly €2,560/m² is above the district-wide average and represents a purchase in the upper half of the band. The process should not move forward before the energy certificate, the nature of the building and availability are confirmed. With those conditions met, the listing is a file worth considering for buyers targeting owner-occupation or long-term rental income.